Maquiladora is the name given to an operation that allows processing, packaging, assembling, and/or repair plants to be located in Mexico (in-bond area) where goods may be processed without import taxes as long as they are re-exported to the United States or to another foreign country.

Which of the following is false concerning the operation of the Social Security system?

A) The program is operated on a pay-as-you-go basis. B) Employees and employers share the burden of funding the system. C) Self-employed individuals pay approximately 15.3 percent on their own payroll. D) There are no investment earnings since the program is operated on a pay-as-you-go basis.

Which of the following is a use of a currency swap?

A. To exchange an investment in one currency for an investment in another currency B. To exchange borrowing in one currency for borrowings in another currency C. To take advantage situations where the tax rates in two countries are different D. All of the above